STATION B: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
STATION B
Largest movements
- Tangible fixed assets -€8,565
down €8,565 (-11.5%), from €74,556 to €65,991
of which Land and buildings: -€8,341
- Receivables within one year -€3,658
down €3,658 (-44.1%), from €8,292 to €4,635
- Debts after one year -€19,296
down €19,296 (-26.5%), from €72,890 to €53,594
- Profit (loss) carried forward +€10,446
up €10,446 (+16.3%), from -€64,103 to -€53,657
- Other debts +€8,696
up €8,696 (+26.7%), from €32,610 to €41,306
- Current portion of long-term debt -€7,458
down €7,458 (-27.9%), from €26,714 to €19,256
- Trade debts -€4,297
down €4,297 (-80.7%), from €5,326 to €1,029
- Other operating charges -€2,103
down €2,103 (-45.7%), from €4,601 to €2,498
- Gross operating margin -€2,036
down €2,036 (-8.0%), from €25,526 to €23,490
- Financial charges -€1,628
down €1,628 (-45.1%), from €3,608 to €1,980
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,812 | €81,453 | -€11,359 | -12.2% |
| Fixed assets | 21/28 | €76,734 | €68,169 | -€8,565 | -11.2% |
| Tangible fixed assets | 22/27 | €74,556 | €65,991 | -€8,565 | -11.5% |
| Land and buildings | 22 | €72,729 | €64,388 | -€8,341 | -11.5% |
| Plant, machinery and equipment | 23 | €1,826 | €1,603 | -€224 | -12.2% |
| Financial fixed assets | 28 | €2,178 | €2,178 | = | 0.0% |
| Current assets | 29/58 | €16,079 | €13,285 | -€2,794 | -17.4% |
| Amounts receivable within one year | 40/41 | €8,292 | €4,635 | -€3,658 | -44.1% |
| Trade receivables | 40 | €8,292 | €4,635 | -€3,658 | -44.1% |
| Cash at bank and in hand | 54/58 | €4,569 | €5,339 | +€770 | +16.9% |
| Deferred charges and accrued income | 490/1 | €3,217 | €3,311 | +€94 | +2.9% |
| Total equity and liabilities | 10/49 | €92,812 | €81,453 | -€11,359 | -12.2% |
| Equity | 10/15 | -€45,503 | -€35,057 | +€10,446 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,103 | -€53,657 | +€10,446 | +16.3% |
| Amounts payable | 17/49 | €138,316 | €116,510 | -€21,805 | -15.8% |
| Amounts payable after more than one year | 17 | €72,890 | €53,594 | -€19,296 | -26.5% |
| Financial debts | 170/4 | €72,890 | €53,594 | -€19,296 | -26.5% |
| Amounts payable within one year | 42/48 | €65,426 | €62,916 | -€2,509 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €26,714 | €19,256 | -€7,458 | -27.9% |
| Trade debts | 44 | €5,326 | €1,029 | -€4,297 | -80.7% |
| Suppliers | 440/4 | €5,326 | €1,029 | -€4,297 | -80.7% |
| Taxes, remuneration and social security | 45 | €776 | €1,326 | +€550 | +70.9% |
| Taxes | 450/3 | €776 | €1,326 | +€550 | +70.9% |
| Other amounts payable | 47/48 | €32,610 | €41,306 | +€8,696 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,565 | €8,565 | = | 0.0% |
| Other operating charges | 640/8 | €4,601 | €2,498 | -€2,103 | -45.7% |
| Gross operating margin | 9900 | €25,526 | €23,490 | -€2,036 | -8.0% |
| Operating profit (loss) | 9901 | €12,360 | €12,426 | +€67 | +0.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,608 | €1,980 | -€1,628 | -45.1% |
| Recurring financial charges | 65 | €3,608 | €1,980 | -€1,628 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €8,752 | €10,446 | +€1,695 | +19.4% |
| Profit (loss) for the period | 9904 | €8,752 | €10,446 | +€1,695 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,752 | €10,446 | +€1,695 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.